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1 News Release For further information: Frank Tortorici (212) Gad Levanon (212) June Shelp (212) For Immediate Release 10:00 AM ET, Wednesday, January 6, 2010 Release #5397 Online Job Demand Up 255,000 in December, The Conference Board Reports 2009 JOB DEMAND WRAP-UP: 2009 ends on a positive note, rising 255,000 in December Job demand averages +58,000/month in 2 nd half of 2009 compared to -91,000/month in 1 st half Gap between the number of unemployed and advertised vacancies stands at 12 million (Nov 2009) compared to 2.9 million in Dec 2007 at start of the recession NEW YORK, January 6, 2010 Online advertised vacancies rose by 255,000 to 3,642,000 in December, according to The Conference Board Help Wanted OnLine Data Series (HWOL) released today. Nationally, growth in job demand has been mildly positive since the low point in April 2009, with an average monthly increase of less than 60,000. The 2009 annual average stands at 3,357,000, a figure that is 1.1 million below the 4,481,000 annual average for 2008 and 1.3 million below the average for Employers modest increase in demand for labor in the second half of 2009 is a nice way to end what has been a very challenging year, said Gad Levanon, Senior Economist at The Conference Board. The gap between the number of unemployed and the number of advertised vacancies is still very high, but the recent six months indicate that things are slowly moving in the right direction. The gap between the number of unemployed and the number of advertised vacancies is about 12 million, with 4.5 unemployed for every online advertised vacancy. (Chart 1) No. Unemployed 16,000,000 15,000,000 14,000,000 13,000,000 12,000,000 11,000,000 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000, Labor Supply vs. Labor Demand U.S. Seasonally Adjusted Data Unemployment HWOL No. of Ads 7,000,000 6,500,000 6,000,000 5,500,000 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 No. Employed 138,500, ,000, ,500, ,000, ,500, ,000, ,500, ,000, ,500, ,000, ,500, ,000, ,500, ,000, ,500, ,000, ,500, ,000, Employment vs. Labor Demand U.S. Seasonally Adjusted Data Employment HWOL No. of Ads 5,200,000 5,000,000 4,800,000 4,600,000 4,400,000 4,200,000 4,000,000 3,800,000 3,600,000 3,400,000 3,200,000 3,000,000, BLS, BLS The release schedule, national historic table and technical notes to this series are available at The Conference Board website, The underlying data for The Conference Board HWOL are provided by Wanted Technologies Corporation. 1

2 Regional and State Highlights December job demand is up in all of the most populous states Washington State posts its largest monthly gain (11,600) since HWOL series began in 2005 Positive trend in labor demand in: o Connecticut, New York and New Jersey in the Northeast o Georgia, North Carolina, Virginia, and Delaware in the South Table A: State Labor Demand, Selected States, Seasonally Adjusted M-O-M Total Ads 1 Change (Thousands) (Thousands) Supply/ Demand Rate 2 Recent Location Dec-09 Dec-Nov 09 Nov-09 Trend 3 United States 3, /09 NORTHEAST Massachusetts /09 New Jersey /09 New York /09 Pennsylvania /09 SOUTH 1, Florida /09 Georgia /09 Maryland /09 North Carolina /09 Texas /09 Virginia /09 MIDWEST Illinois /09 Michigan /09 Minnesota /09 Missouri /09 Ohio /09 Wisconsin /09 WEST Arizona /09 California /09 Colorado /09 Washington /09 The Conference Board - All rights reserved. 1. Total ads are all unduplicated ads appearing during the reference period. This figure includes ads from the previous months that have been reposted as well as new ads. 2. Supply/Demand rate is the number of Unemployed persons divided by the number of total ads and reflects the latest month for which unemployment data is available. 3. Recent trend is The Conference Board Economists' indication of the direction of the overall trend in online job demand from the date indicated (month/year). 2

3 In the South, December online advertised vacancies rose by 120,400, reflecting increases in all of the most populous Southern states. Texas gained 22,100, over twice its November gain. Virginia gained 19,600, its first gain since August, and offset nearly three times its recent losses. Florida gained 13,000. North Carolina was up 8,600 in December and Maryland gained 4,300, its first gain since August while Georgia was up 1,700 (Table A). Among the less populous states in the South, in December Oklahoma increased by 8,200, Kentucky increased by 3,000, and advertised vacancies in Louisiana increased by 2,000 (Table 3). The Midwest, the region with the second largest December gain, was up 54,500. Ohio gained 11,700, its largest gain since February Michigan gained 8,400 and Missouri was up 7,300, both posting their largest gains since December Wisconsin gained 5,000 and did not quite offset its November loss. Minnesota gained 4,700, its largest gain since August 2008, while Illinois was up 6,700. Job demand in the Northeast was up 48,000, with advertised vacancies up in all of the larger states. Pennsylvania posted the largest increase, up 23,800 to 152,300, in December. New York increased by 9,600 to 241,800 while New Jersey rose by 4,800 to 132,000. Massachusetts increased by a modest 200. Among the states with smaller populations, in December job demand in Connecticut increased by 3,300, New Hampshire rose 2,200, Rhode Island was up by 1,500, and Maine and Vermont rose 1,100 and 1,000 respectively. The West was up 45,000 in December. Washington rose 11,600 (Table A), its largest monthly gain since the HWOL series began in mid California rose by 7,200, and Colorado gained 4,500 in December to more than offset its September through November losses. Arizona gained 3,500, slightly more than its November gain. Among the states with smaller populations, Nevada rose 2,700, Hawaii rose 1,900, and New Mexico was up 1,300. The Supply/Demand rate for the U.S. in November (the latest month for which unemployment numbers are available) was at 4.54, down slightly from 4.79 in October and indicating that there are now 4.54 unemployed workers for every online advertised vacancy. Among the states, the highest Supply/Demand rate continues to be in Michigan (10.34), where there are over 10 unemployed people for every advertised vacancy. Other states where there are over 6 unemployed for every advertised vacancy are Mississippi (9.06), Kentucky (7.50), Indiana (6.50), Florida (6.07), South Carolina (6.05), and Ohio (6.03). States with some of the lowest rates include Nebraska (1.73), Alaska (1.83), and Virginia (1.97) (Table 4). It should be noted that the Supply/Demand rate only provides a measure of relative tightness of the individual state labor markets and does not suggest that the occupations of the unemployed directly align with the occupations of the advertised vacancies (see Occupational Highlights section). OCCUPATIONAL HIGHLIGHTS Labor demand for Healthcare Practitioners and Technical occupations, Office and Administrative Support occupations, and Sales and Related occupations rises in December Jobs for Healthcare Support occupations remained high throughout the recession Among the top 10 occupation groups, Healthcare Practitioners and Technical occupations, the largest category in terms of volume, posted the largest December gain, 45,100. Job demand was up in a wide variety of these healthcare occupations including registered nurses and physical and occupational therapists. 3

4 Labor demand for Healthcare Support occupations rose 9,200 to 111,900. Demand for Healthcare Support workers has remained relatively steady throughout the recession, although the number of unemployed seeking work in this field has remained relatively high. In November, the last month for which unemployment data are available, there were 2.7 unemployed for every advertised vacancy in healthcare support. Healthcare is a broad field, and the relative tightness of the labor market varies substantially from the higher-paying practitioner and technical jobs to the lower-paying support occupations. In November, advertised vacancies for healthcare practitioners or technical occupations outnumbered the unemployed looking for work in this field by almost 3 to 1, and the average wage in these occupations is $32.64/hour. In sharp contrast, the average wage for healthcare support occupations is $12.66/hour and there were almost 3 unemployed looking for work in the field for every advertised vacancy. (Table B and Table 7). Office and Administrative Support professions rose 41,800 in December. Job demand was up in a wide variety of administrative functions including customer service representatives and executive secretaries/administrative assistants. Sales and Related occupations increased 41,300 in December and in large part reflected an increased demand for retail salespeople and first-line supervisors/managers of retail sales workers. Advertised vacancies in Management occupations were up 16,400 in December to 370,000. Largely responsible for the increase were medical and health services managers and marketing managers. The number of unemployed, however, continues to exceed the number of advertised vacancies, and in November there were over two unemployed (2.48) for every online advertised vacancy in the management field. Supply/Demand rates indicated that, among the occupations with the largest number of online advertised vacancies, there is a significant difference in the number of unemployed seeking positions in these occupations. Among the top ten occupations advertised online, there were more vacancies than unemployed people seeking positions for Healthcare Practitioners (0.3) and Computer and Mathematical Science (0.4). On the other hand, in Sales and Related Occupations, there were nearly four people seeking jobs in this field for every online advertised vacancy (3.8) and there were over five unemployed looking for work in Office and Administrative Support positions for every advertised opening (5.2). 4

6 The number of unemployed exceeded the number of advertised vacancies in all of the 52 metro areas for which information is reported separately. Washington, D.C., Salt Lake City, and Baltimore were the locations with the most favorable supply/demand rates, where the number of unemployed looking for work was only slightly larger than the number of advertised vacancies (Table C). On the other hand, metro areas in which the respective number of unemployed is substantially above the number of online advertised vacancies include Riverside, CA, where there are nearly 11 unemployed people for every advertised vacancy (10.6), and Detroit (9.6), Miami (5.9), Sacramento (5.9), Tampa (5.0), Los Angeles (5.0), and Memphis (5.0). Riverside has just surpassed Detroit, which since July had maintained the highest supply/demand rate. Supply/Demand rate data are for November 2009, the latest month for which unemployment data for local areas are available (Table C & Table 6). PROGRAM NOTES The Conference Board Help Wanted Online Data Series measures the number of new, first-time online jobs and jobs reposted from the previous month on more than 1,200 major Internet job boards and smaller job boards that serve niche markets and smaller geographic areas. Like The Conference Board s long-running Help Wanted Advertising Index of print ads (which was published for over 55 years and discontinued in November 2008 but continues to be available for research), the new online series is not a direct measure of job vacancies. The level of ads in both print and online may change for reasons not related to overall job demand. With the December 1, 2008 release, HWOL began providing seasonally adjusted data for the U.S., the 9 Census regions and 50 States. Seasonally adjusted data for occupations was provided beginning with the July 1, 2009 release. This data series, for which the earliest data is May 2005, continues to publish not seasonally adjusted data for 52 large metropolitan areas, but it is The Conference Board s intent to provide seasonally adjusted data for large metro areas in the future. People using this data are urged to review the information on the database and methodology available on The Conference Board website and contact the economists listed at the top of this release with questions and comments. Background information and technical notes on this new series are available at: The underlying data for this series is provided by Wanted Technologies Corporation. Additional information on the Bureau of Labor Statistics data used in this release can be found on the BLS website, The Conference Board The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a nonadvocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. WANTED Technologies Corporation. WANTED is a leading supplier of real-time sales and business intelligence solutions for the media classified and recruitment industries. Using its proprietary On-Demand data mining, lead generation and CRM (Customer Relationship Management) integrated technologies, WANTED aggregates real-time data from thousands of online job boards, real estate and newspaper sites, as well as corporate Web sites on a daily basis. WANTED s data is used to optimize sales and to implement marketing strategies within the classified ad departments of major media organizations, as well as by staffing firms, advertising agencies and human resources specialists. For more information, please visit: 6

8 Table 1: National/Regional Total Ads and New Ads (Levels), Seasonally Adjusted Total Ads 1 (Thousands) M-O-M Change (Thousands) New Ads 2 (Thousands) Location 3 Dec-08 Nov-09 Dec-09 Dec-Nov 09 Dec-08 Nov-09 Dec-09 Dec-Nov 09 United States 3, , , , , , New England Middle Atlantic South Atlantic East North Central East South Central West North Central West South Central Mountain Pacific Total ads are all unduplicated ads appearing during the reference period. This figure includes ads from the previous months that have been reposted as well as new ads. M-O-M Change (Thousands) 2. New ads are all unduplicated ads which did not appear during the previous reference period. An online help wanted ad is counted as "New" only in the month it first appears. 3. Regions are as defined by the U.S. Census Bureau. Table 2: National/Regional Total Ads and New Ads Rates, Seasonally Adjusted Location 2 Dec-08 Nov-09 Dec-09 Dec-08 Nov-09 Dec-09 United States New England Middle Atlantic South Atlantic East North Central East South Central West North Central West South Central Mountain Pacific Regions are as defined by the U.S. Census Bureau. Total Ads Rate 1 New Ads Rate 1 (Percent) (Percent) 1. Ads rates are calculated as a percent of the most currently available BLS civilian labor force data. Ads rates represent the number of ads per 100 participants in the civilian labor force. 8

9 Table 3: State Total Ads and New Ads (Levels), Seasonally Adjusted M-O-M Change M-O-M Change Total Ads 1 (Thousands) (Thousands) New Ads 2 (Thousands) (Thousands) Location Dec-08 Nov-09 Dec-09 Dec-Nov 09 Dec-08 Nov-09 Dec-09 Dec-Nov 09 United States 3, , , , , , Alabama Alaska Arkansas Arizona California Colorado Connecticut Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming Total ads are all unduplicated ads appearing during the reference period. This figure includes ads from the previous months that have been reposted as well as new ads. 2. New ads are all unduplicated ads which did not appear during the previous reference period. An online help wanted ad is counted as "New" only in the month it first appears. 9

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